(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Two names tied to the artificial intelligence trade were among the stocks being talked about by analysts on Wednesday.
Analysts gave their assessment of the latest Super Micro Computer quarterly results. Meanwhile, Piper Sandler reiterated Advanced Micro Devices as a top pick, citing market share gains. Check out the latest calls and chatter below.
All times ET. 5:54 a.m.
: Wall Street weighs in on Super Micro Computer's disappointing gross margins Some analysts are standing by Super Micro Computer , even as gross margin concerns offset a strong revenue outlook and ongoing AI demand. "With the recent stock correction, valuation is more reasonable," wrote Barclays analyst Tim Long, noting that the 11% premarket drop suggests shares now trade at 15 times 2025 EPS estimates. "While the stock might be in a penalty box near term on [gross margin] headwinds, we continue to highlight time to market and [direct liquid cooling] share gains for SMCI.
" The server company topped fiscal fourth-quarter revenue estimates but fell short of earnings expectations. Gross margins dropped to 11.2% from 17% in the year-ago quarter and from 15.
5% in the third quarter. Super Micro also announced a 10-for-1 stock split. The stock has slumped 27% over the last month amid a reckoning in technology stocks and the broader market.
Shares have also lost nearly.